olihajsa

@olihajsa

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365 Followers

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Just stepped outside after the rain. Walking through the damp grass, breathing the fresh air. So peaceful.

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Huge congrats on the #1 spot! Daily Duels + mini-mini apps (needs rebrand but love the vision) = absolute FIRE. 20M users + World ID? Farcade’s about to break the gaming matrix 🚀 Can’t wait to see devs go wild with no-code builds. Dominate those app charts! #Web3Gaming just leveled UP.

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“We are convinced that for the crypto market to thrive, smart regulation is key,” Boerse Stuttgart Group CEO Matthias Voelkel said in a statement on LinkedIn on Feb. 25.

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Some altcoins staged a price rally despite a lack of growing active users, indicating that altcoin season has yet to arrive, according to Marcin Kazmierczak, co-founder and chief operating officer of blockchain oracle solution firm RedStone:

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Today in crypto, the United States Securities and Exchange Commission has closed its investigation into Robinhood Crypto, Bybit CEO Ben Zhou says the exchange has replaced all Ether that was stolen in the $1.4 billion Lazarus-tied hack, and Michael Saylor teased another Bitcoin purchase on Sunday evening, with Strategy announcing another Bitcoin purchase on Monday, Feb. 24

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Bitcoin’s range-bound price action may be manufactured based on the trajectory of the past months, according to Samson Mow, CEO of Jan3 and founder of Pixelmatic.

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This isn’t another article insisting that Know Your Customer (KYC) practices are the only way to legitimize crypto, nor is it declaring that KYC is doomed to disappear. Instead, let’s look at how we got here, why we still deal with these burdens, where KYC can be beneficial or harmful and how we may leverage optionality in “Knowing Your Peer” to meaningfully comply in relevant contexts without compromising privacy and freedom of choice.

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Let’s face it: Crypto is still full of scams and rug pulls. KYC can help crypto earn legitimacy. KYC controls reassure newcomers that some basic standard of accountability exists. Also, the more real-world assets (RWAs), such as property titles or tokenized securities, are ported onchain, the more regulators will demand some identity proof to mitigate fraud and ensure legal enforceability, preventing an ownership vacuum on the physical level.

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Commenting on VC participation in projects like Trump’s WLF, Folkman said many VCs ignored WLF, forcing the platform to take an anti-VC approach.

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According to Folkman, part of the reason ICOs failed was that there wasn’t enough regulation, which now also appears to be a problem with memecoins.

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Trump’s pro-crypto nominees, many of whom have already been appointed, are expected to usher in friendly policies that will solidify the industry’s growth potential in the coming years.

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North Dakota’s Department of Financial Institutions commissioner Lisa Kruse told members of the House Industry, Business and Labor Committee on Jan. 22 that the state’s residents filed 103 crypto scam complaints to the FBI for a combined loss of $6.5 million in 2023.

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North Dakota lawmakers have debated a recently introduced bill seeking to limit crypto ATM transactions and introduce a slate of new regulations on the machines aimed at protecting residents from scams.

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Chainalysis noted that 77% of TRUMP tokenholders have made less than $100, while 60 whales have made over $10 million.

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Only a small percentage of TRUMP holders have lost funds between $10,000 and 100,000 and few, if any, have lost more than $100,000.

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Bubblemaps had said shortly after the token launched that nearly 90% of the supply was held in a single wallet.

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Blockchain analytics platform Bubblemaps said in a Jan. 22 X post that onchain data shows the distribution of the MELANIA token “doesn’t match their website.”

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Despite the significant concentration of holdings among whales, Chainalysis said that the Trump family memecoin launches attracted a wave of new users to crypto, with nearly half of the buyers creating wallets on the same day they purchased the tokens.

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The teams behind TRUMP and MELANIA claim that tokens were distributed similarly to most other token allocations. The website for MELANIA said 35% of the tokens were distributed to its team, 20% to both treasury and community and 15% to the public, while the remaining 10% was set aside for liquidity.

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FTX has announced plans for upcoming repayments to creditors of the bankrupted crypto exchange after initiating its first round of reimbursements on Feb. 18.

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